Volkswagen has issued the following press release:
Dr. rer. pol. Wolfgang Bernhard, Chairman of the Volkswagen brand group and member of Volkswagen AG’s Board of Management, will leave the Company by mutual agreement as of January 31, 2007 as part of the reorganization of responsibilities within the Volkswagen Group. — Wolfgang Josef Egger joining Audi Group as Head of Design.
Dr. Bernhard has been a member of Volkswagen AG’s Board of Management since February 1, 2005; since May 2005, he has been responsible for the Volkswagen brand as Chairman of the brand group. — production resumption at Longbridge.
The Company would like to thank Dr. Bernhard for his work in the past years and wishes him all the best for his future career. Prof. Dr. Martin Winterkorn, who will take over the management of the Volkswagen brand group in addition to his present duties, emphasized that Dr. Bernhard had furthered the process of restructuring of the Company and hence increased the productivity of the Volkswagen brand. — automotive industry developments.
